Connor Clark & Lunn Investment Management Ltd. Takes $1.04 Million Position in Southern Missouri Bancorp, Inc. $SMBC

Key Points

• Connor Clark & Lunn Investment Management acquired 13,681 shares of Southern Missouri Bancorp worth approximately $1.04 million, while institutional investors collectively own 49.49% of the company.
• Analysts maintain a generally cautious outlook, with one Buy and three Hold ratings; the consensus rating is Hold with an $83.67 price target.
• Southern Missouri Bancorp exceeded quarterly earnings expectations, reporting $1.83 EPS versus $1.52 expected, and raised its quarterly dividend from $0.25 to $0.27 per share.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,681 shares of the savings and loans company's stock, valued at approximately $1,043,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of Southern Missouri Bancorp as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Southern Missouri Bancorp by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company's stock valued at $296,000 after buying an additional 234 shares during the last quarter. Royal Bank of Canada lifted its stake in Southern Missouri Bancorp by 124.7% during the 1st quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company's stock valued at $36,000 after acquiring an additional 313 shares in the last quarter. Allworth Financial LP purchased a new position in Southern Missouri Bancorp during the 2nd quarter worth $26,000. NewEdge Advisors LLC boosted its holdings in Southern Missouri Bancorp by 105.7% during the 4th quarter. NewEdge Advisors LLC now owns 718 shares of the savings and loans company's stock worth $42,000 after acquiring an additional 369 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Southern Missouri Bancorp by 2.2% in the 4th quarter. Swiss National Bank now owns 18,953 shares of the savings and loans company's stock worth $1,121,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 49.49% of the company's stock.

Insider Transactions at Southern Missouri Bancorp

In related news, EVP Richard Windes sold 2,000 shares of the firm's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $69.70, for a total transaction of $139,400.00. Following the completion of the sale, the executive vice president owned 5,375 shares in the company, valued at approximately $374,637.50. This trade represents a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 15.81% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on SMBC. Keefe, Bruyette & Woods increased their target price on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a "market perform" rating in a report on Thursday, July 30th. Stephens cut shares of Southern Missouri Bancorp from an "overweight" rating to an "equal weight" rating and set a $85.00 price target on the stock. in a report on Thursday, August 6th. Wall Street Zen raised shares of Southern Missouri Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $83.00 price objective (up from $79.00) on shares of Southern Missouri Bancorp in a research note on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $83.67.

Southern Missouri Bancorp Price Performance

SMBC stock opened at $73.98 on Monday. The stock has a market cap of $815.26 million, a P/E ratio of 11.51 and a beta of 0.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. The stock's fifty day simple moving average is $76.16 and its two-hundred day simple moving average is $69.77. Southern Missouri Bancorp, Inc. has a 1-year low of $47.60 and a 1-year high of $79.86.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.31. The firm had revenue of $51.77 million during the quarter, compared to analyst estimates of $51.14 million. Southern Missouri Bancorp had a return on equity of 12.72% and a net margin of 22.63%. Analysts expect that Southern Missouri Bancorp, Inc. will post 6.9 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, August 14th. This is an increase from Southern Missouri Bancorp's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.5%. Southern Missouri Bancorp's dividend payout ratio (DPR) is currently 16.80%.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc NASDAQ: SMBC is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.

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